Business Loan

Business Loans

A business loan is a loan specifically intended for business purpose. As with all loans, it involves the creation of a debt which will be repaid with added interest. There are a number of different types of business loans including bank loans, mezzanine financing, assets-based financing, microloans, business cash advances and cash flow loans. Business Loan is actually an unsecured loan that can be used for various purposes such as expansion of business, purchase of machinery and equipment, purchase of office space, payment of rent or salary, hiring of employees.

Maskin GST Suvidha Kendra Business Loan offers you a business loan at a low annual interest rate for a stipulated tenor in which your documents are important and you can get a business loan as per the procedure given below.

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Business Loan

Types of Business Loan

Term Loan

One of the most common types of business finance is a term loan. The loan could be secured or unsecured in nature. The amount available depends on the business’s credit history. This type of loans are taken for a specific purpose, generally for capital expenditure.

Start-up Loan

A start-up loan is for new business ventures. Applicants for such loans may not have a great credit history on their company due to a lack of business vintage. Hence, the business should be established, and the applicant must submit proof of the business existence and registration

Working Capital Loan

Working capital loans are types of small business loans taken to overcome the shortage of cash to operate a business on a day-to-day basis. It generates balance in cash flow to run a business. It helps to meet the shortfall of cash during off-season or meet demand during a peak season.

Invoice Financing

Invoice financing is also known as invoice discounting or invoice factoring. This type of funding is especially for small businesses that encounter a time lag between raising invoices and receiving payment from the clients.

Equipment Financing

It is the manufacturing businesses that usually opt for equipment financing or machinery loan. Manufacturing units require costly equipment for the operation of their business and to purchase machinery it is most preferred among others.

Business Loan for Women

The government of India has initiatives in place to encourage women in establishing small to medium-sized businesses. The advantage of specialized loans for women entrepreneurs includes various types of loans and benefits too.

Benefits of Business Loan

Large Capital

We offers easy and quick business loan at low interest rates. Whether your business needs short term loans, intermediate-term loans or long-term loans your Maskin GST Suvidha Kendra will provide you the best finance solutions.

Flexi Loan Facility

Get your business cash needs with your Maskin GST Suvidha Kendra Flexi Loan Facility and easily repay all your funds as per your business cash flow and nil prepayment charges and run your business smoothly as your Maskin GST Suvidha Kendra will always be there for you.

No Collateral

Business Loans are collateral free which means you won't have to put your personal or business assets on the line to get financing. And since you don't need to pledge any collateral there is no requirement for appraisal of your assets.

Multipurpose in Nature

A business loan can be used for various types of business needs starting right from Term Loan, Start-up Loan, Loans for Women and much more with various benefits and Features to meet your all types of Business Needs.

Why should one Apply for Business Loan?

High Loan Eligibility

Before applying for the loan, prepare a business plan, know your credit score, decide the loan amount, do some market research on available business loan options, and keep the documents ready.

Documents Required

Proof of address & photo identity of the promoters, business proof, income proof, partnership deed for partnership firm, articles of association, memorandum of association, PAN card, etc.

Criteria for Approval

Applicants should be aged between 21 to 65 years, having business vintage of a minimum of 3 years. The minimum business turnover and a minimum annual turnover as per the ITR will be required.